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Equilibrium agenda formation

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Dutta, Bhaskar, Jackson, Matthew O. and Le Breton, Michel (2004) Equilibrium agenda formation. Social Choice and Welfare, 23 (1). pp. 21-57. doi:10.1007/s00355-003-0233-y

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Official URL: http://dx.doi.org/10.1007/s00355-003-0233-y

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Abstract

We develop a definition of equilibrium for agenda formation in general voting settings. The definition is independent of any protocol. We show that the set of equilibrium outcomes for any Pareto efficient voting rule is uniquely determined, and in fact coincides with that of the outcomes generated by considering all full agendas. Under voting by successive elimination (or amendment), the set of equilibrium outcomes corresponds with the Banks set. We also examine the implications in several specific settings and show that studying equilibrium agendas can lead to sharp predictions, in contrast with well-known "chaos" theorems.

Item Type: Journal Article
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences
Divisions: Faculty of Social Sciences > Economics
Journal or Publication Title: Social Choice and Welfare
Publisher: Springer
ISSN: 0176-1714
Official Date: August 2004
Dates:
DateEvent
August 2004UNSPECIFIED
Volume: 23
Number: 1
Number of Pages: 37
Page Range: pp. 21-57
DOI: 10.1007/s00355-003-0233-y
Status: Peer Reviewed
Publication Status: Published

Data sourced from Thomson Reuters' Web of Knowledge

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